Mutual fund update: Upcoming new fund offers (NFO)

As of now, there are two funds that are open for subscription. However, there are funds that have filed the draft offer document with the Securities & Exchange Board of India (SEBI). Below is a list of funds that are waiting for SEBI’s approval. Kindly click on the respective fund names to access their draft scheme information document (SID).

The above table shows you the list of funds of July 2020 that have filed their draft SID with SEBI and are pending for its approval. We can see the fund houses launching their value funds. Also, Edelweiss is betting on passive investing, as it is coming up with an index fund that would follow the MSCI India Financials Index. From debt space, HSBC AMC is set to launch its corporate debt fund. Further, there are other offerings coming up from Motilal Oswal Mutual Fund as well.